1 00:01:06,000 --> 00:01:10,000 ANNOUNCER 2: NEXT, PRESIDENT 2 00:01:10,000 --> 00:01:14,000 TRUMP REMARKS IN INDIANAPOLIS 3 00:01:14,000 --> 00:01:15,000 OUTLINING THE REPUBLICAN TAX 4 00:01:15,000 --> 00:01:16,000 PLAN. THIS IS 40 MINUTES. 5 00:01:16,000 --> 00:01:20,000 >> LADIES AND GENTLEMEN, THE 6 00:01:20,000 --> 00:01:23,000 PRESIDENT OF THE UNITED STATES. 7 00:01:23,000 --> 00:01:28,000 ♪ [HAIL TO THE CHIEF] ♪ 8 00:01:37,000 --> 00:01:42,000 [APPLAUSE] 9 00:02:03,000 --> 00:02:08,000 [APPLAUSE AND CHEERS] 10 00:02:13,000 --> 00:02:16,000 DONALD TRUMP: THANK YOU VERY 11 00:02:16,000 --> 00:02:19,000 MUCH. YOU JUST WANT MASSIVE TAX CUTS. 12 00:02:19,000 --> 00:02:21,000 THAT'S WHAT YOU WANT. 13 00:02:21,000 --> 00:02:22,000 THAT IS THE ONLY REASON YOU ARE 14 00:02:22,000 --> 00:02:25,000 GOING SO WHILE, BUT IT IS 15 00:02:25,000 --> 00:02:27,000 WONDERFUL TO BE BACK IN THE GREAT STATE OF INDIANA. 16 00:02:27,000 --> 00:02:28,000 WHAT A PLACE. 17 00:02:28,000 --> 00:02:29,000 [APPLAUSE AND CHEERS] 18 00:02:29,000 --> 00:02:34,000 DONALD TRUMP: I WANT TO THANK 19 00:02:35,000 --> 00:02:36,000 SENATOR TOM YOUNG, SENATOR JOE 20 00:02:36,000 --> 00:02:38,000 DONNELLY REPRESENTATIVE JACKY 21 00:02:38,000 --> 00:02:40,000 LARCENY, REPRESENTATIVE SUSAN 22 00:02:40,000 --> 00:02:43,000 BROOKS AND REPRESENTATIVE MIKE 23 00:02:43,000 --> 00:02:45,000 FOR JOINING US TODAY. 24 00:02:45,000 --> 00:02:48,000 THANK YOU VERY MUCH, APPRECIATE 25 00:02:48,000 --> 00:02:51,000 IT. I ALSO WANT TO THANK MEMBERS OF 26 00:02:51,000 --> 00:02:53,000 MY ECONOMIC TEAM, SECRETARY 27 00:02:53,000 --> 00:02:57,000 STEPHEN MANAGEMENT AND -- STEVEN 28 00:02:57,000 --> 00:03:01,000 MNUCHIN DIRECTOR GARY COHEN FOR 29 00:03:01,000 --> 00:03:02,000 , JOINING US, AS WELL. [APPLAUSE] 30 00:03:02,000 --> 00:03:05,000 DONALD TRUMP: LET ME BEGIN BY 31 00:03:05,000 --> 00:03:07,000 SAYING THAT OUR HEARTS AND 32 00:03:07,000 --> 00:03:09,000 PRAYERS GO OUT TO THE PEOPLE OF 33 00:03:09,000 --> 00:03:11,000 PUERTO RICO AND THE VIRGIN 34 00:03:11,000 --> 00:03:12,000 ISLANDS WHO ARE SUFFERING IN GET 35 00:03:12,000 --> 00:03:15,000 ANOTHER WAKE OF A CATASTROPHIC 36 00:03:15,000 --> 00:03:18,000 HURRICANE, AND THEIR ISLAND WAS 37 00:03:18,000 --> 00:03:20,000 VIRTUALLY DESTROYED. FEDERAL AGENCIES ARE WORKING 38 00:03:20,000 --> 00:03:23,000 CLOSELY WITH LOCAL PARTNERS TO 39 00:03:23,000 --> 00:03:25,000 HELP THESE COMMUNITIES BACK ON 40 00:03:25,000 --> 00:03:26,000 THEIR FEET AS SOON AS POSSIBLE 41 00:03:26,000 --> 00:03:27,000 . 42 00:03:27,000 --> 00:03:28,000 TEXAS, FLORIDA, AND LOUISIANA 43 00:03:28,000 --> 00:03:31,000 ARE DOING GREAT IN THE RECOVERY 44 00:03:31,000 --> 00:03:34,000 PROCESS THAT IS HAPPENING VERY, 45 00:03:34,000 --> 00:03:37,000 VERY QUICKLY. I WILL BE GOING DOWN TO PUERTO 46 00:03:37,000 --> 00:03:40,000 RICO NEXT WEEK TO BE GETTING AN 47 00:03:40,000 --> 00:03:42,000 ON THE GROUND BRIEFING ABOUT THE 48 00:03:42,000 --> 00:03:46,000 DISASTER RECOVERY AND TO SEE ALL OF OUR GREAT FIRST RESPONDERS 49 00:03:46,000 --> 00:03:47,000 AND TO MEET A LOT OF THE PEOPLE 50 00:03:47,000 --> 00:03:50,000 WHO WERE SO AFFECTED BY THESE 51 00:03:50,000 --> 00:03:53,000 STORMS. WE ARE WITH YOU NOW, I TELL 52 00:03:53,000 --> 00:03:55,000 THEM, AND WE WILL BE THERE EVERY 53 00:03:55,000 --> 00:03:56,000 STEP OF THE WAY UNTIL THIS JOB 54 00:03:56,000 --> 00:03:57,000 IS DONE. 55 00:03:57,000 --> 00:04:00,000 IT IS TRULY CATASTROPHIC WHAT 56 00:04:00,000 --> 00:04:01,000 HAPPENED IN PUERTO RICO. 57 00:04:01,000 --> 00:04:04,000 [APPLAUSE] 58 00:04:04,000 --> 00:04:09,000 DONALD TRUMP: AND MASSIVE AMOUNT 59 00:04:09,000 --> 00:04:11,000 OF WATER, FOOD, AND SUPPLIES ARE 60 00:04:11,000 --> 00:04:15,000 BEING DELIVERED BY THE WAY ON AN 61 00:04:15,000 --> 00:04:17,000 HOURLY BASIS. IT IS SOMETHING THAT NOBODY HAS 62 00:04:17,000 --> 00:04:19,000 EVER SEEN BEFORE FROM THIS 63 00:04:19,000 --> 00:04:20,000 COUNTRY. 64 00:04:20,000 --> 00:04:22,000 I CAN TELL YOU THAT. 65 00:04:22,000 --> 00:04:26,000 I AM ALL PROUD OF THE FOLKS OF 66 00:04:26,000 --> 00:04:27,000 FEMA, ALL OF THE FIRST 67 00:04:27,000 --> 00:04:28,000 RESPONDERS, POLICE WHO HAVE GONE 68 00:04:28,000 --> 00:04:29,000 TO THE ISLAND BECAUSE THEIR 69 00:04:29,000 --> 00:04:33,000 POLICE FORCE HAS BEEN SO BADLY 70 00:04:33,000 --> 00:04:35,000 AFFECTED, AND MANY OF THE 71 00:04:35,000 --> 00:04:36,000 POLICEMAN, IN FACT MOST OF THE 72 00:04:36,000 --> 00:04:38,000 POLICE PEOPLE HAVE LOST THEIR 73 00:04:38,000 --> 00:04:42,000 HOMES, AND IT HAS BEEN A TOUGH 74 00:04:42,000 --> 00:04:43,000 GO, BUT WE ARE GOING TO GET IT 75 00:04:43,000 --> 00:04:44,000 BACK. 76 00:04:44,000 --> 00:04:48,000 BEFORE WE GO ON TO DISCUSS OUR 77 00:04:48,000 --> 00:04:51,000 LARGEST TAX CUT IN OUR COUNTRY'S 78 00:04:51,000 --> 00:04:54,000 HISTORY, I ALSO WANT TO PROVIDE A BRIEF UPDATE ON HEALTH CARE. 79 00:04:54,000 --> 00:04:59,000 WE HAVE THE BOATS -- VOTES ON 80 00:04:59,000 --> 00:05:03,000 GRAHAM CASSIDY, BUT WITH THE RULES OF RECONCILIATION, WE ARE 81 00:05:03,000 --> 00:05:04,000 UP AGAINST A DEADLINE OF FRIDAY 82 00:05:04,000 --> 00:05:06,000 TWO DAYS. 83 00:05:06,000 --> 00:05:11,000 THAT IS JUST TO DAYS -- TWO DAYS 84 00:05:11,000 --> 00:05:14,000 . AND A GUESS VOTE SENATOR, -- YES 85 00:05:14,000 --> 00:05:19,000 VOTE SENATOR, A GREAT, GREAT 86 00:05:19,000 --> 00:05:20,000 SENATOR WHO IS HOME RECOVERING 87 00:05:20,000 --> 00:05:25,000 FROM A VERY TOUGH SITUATION. 88 00:05:25,000 --> 00:05:26,000 AND WITH SO MANY GREAT TEACHERS 89 00:05:26,000 --> 00:05:29,000 INCLUDING ALL OF THE BLOCK 90 00:05:29,000 --> 00:05:30,000 GRANTING, THE MONEY TO THE 91 00:05:30,000 --> 00:05:33,000 STATES ETC., ETC., OUR HEALTH 92 00:05:33,000 --> 00:05:38,000 CARE PLAN IS REALLY GOING TO BE 93 00:05:38,000 --> 00:05:39,000 SOMETHING EXCELLENT. 94 00:05:39,000 --> 00:05:40,000 IT IS GOING TO BE BETTER MANAGED 95 00:05:40,000 --> 00:05:43,000 FOR THE PEOPLE THAT IT SERVES. 96 00:05:43,000 --> 00:05:46,000 HAVING LOCALE HEALTH CARE -- 97 00:05:46,000 --> 00:05:48,000 LOCAL HEALTH CARE 98 00:05:48,000 --> 00:05:49,000 REPRESENTATIVES IS BETTER THAN 99 00:05:49,000 --> 00:05:50,000 HAVING HEALTH CARE 100 00:05:50,000 --> 00:05:51,000 REPRESENTATIVES FROM WASHINGTON 101 00:05:51,000 --> 00:05:52,000 DC. 102 00:05:52,000 --> 00:05:53,000 [APPLAUSE] 103 00:05:53,000 --> 00:05:56,000 DONALD TRUMP: AND MANY, MANY 104 00:05:56,000 --> 00:06:00,000 GOVERNORS AS YOU ALSO SEE HAVE 105 00:06:00,000 --> 00:06:01,000 AGREED WITH US AND APPROVED IT 106 00:06:01,000 --> 00:06:02,000 AND REALLY LOOK FORWARD TO 107 00:06:02,000 --> 00:06:04,000 RUNNING IT PROPERLY. 108 00:06:04,000 --> 00:06:05,000 BUT AGAIN BECAUSE THAT 109 00:06:05,000 --> 00:06:07,000 RECONCILIATION WINDOW IS ABOUT 110 00:06:07,000 --> 00:06:09,000 TO CLOSE, WE HAVE TO WAIT A FEW 111 00:06:09,000 --> 00:06:12,000 MONTHS UNTIL IT REOPENS BEFORE 112 00:06:12,000 --> 00:06:13,000 WE TAKE A VOTE. 113 00:06:13,000 --> 00:06:14,000 SO WE ARE GETTING ALL OF THE 114 00:06:14,000 --> 00:06:17,000 GOOD SIGNS FROM ALASKA TO REPEAL 115 00:06:17,000 --> 00:06:20,000 AND REPLACE OBAMACARE. 116 00:06:20,000 --> 00:06:25,000 I WAS HOPING THIS WOULD BE PUT 117 00:06:25,000 --> 00:06:28,000 ON MY DESK RIGHT AFTER WE WON THE ELECTION &, BUT IT DID NOT 118 00:06:28,000 --> 00:06:32,000 --AND SIGN, BUT IT DID NOT WORK 119 00:06:32,000 --> 00:06:34,000 THAT WAY. I WILL NOT SAY ANYTHING. 120 00:06:34,000 --> 00:06:37,000 BUT EARLY NEXT YEAR WHEN WE 121 00:06:37,000 --> 00:06:41,000 CONCILIATION KICKS BACK IN LONG BEFORE THE NOVEMBER ELECTION, WE 122 00:06:41,000 --> 00:06:42,000 ARE GOING TO HAVE A VOTE, AND WE 123 00:06:42,000 --> 00:06:45,000 ARE GOING TO GET THAT THROUGH 124 00:06:45,000 --> 00:06:46,000 AND I THINK WE WILL GET IT 125 00:06:46,000 --> 00:06:47,000 THROUGH EASY. 126 00:06:47,000 --> 00:06:50,000 SPEAKING OF RECONCILIATION, THE 127 00:06:50,000 --> 00:06:53,000 REPUBLICAN SENATE NEEDS TO GET 128 00:06:53,000 --> 00:06:56,000 THE FILIBUSTER RULE WHICH IS 129 00:06:56,000 --> 00:06:58,000 BLOCKING SO MANY GREAT LEGISLATIVE REFORMS THE AMERICAN 130 00:06:58,000 --> 00:07:00,000 PEOPLE WANT OR DESERVE. 131 00:07:00,000 --> 00:07:04,000 BY THE WAY, THE DEMOCRATS, THEY 132 00:07:04,000 --> 00:07:06,000 HAD THE OPPORTUNITY, WHICH 133 00:07:06,000 --> 00:07:08,000 HOPEFULLY THEY WON'T FOR MANY 134 00:07:08,000 --> 00:07:12,000 MANY YEARS, AND GET RID OF IT ON 135 00:07:12,000 --> 00:07:13,000 DAY ONE. MOST OF YOU KNOW EXACTLY WHAT I 136 00:07:13,000 --> 00:07:14,000 AM TALKING ABOUT. 137 00:07:14,000 --> 00:07:17,000 WE ARE HERE TODAY IN TO ANNOUNCE 138 00:07:17,000 --> 00:07:22,000 OUR FRAMEWORK TO DELIVER 139 00:07:22,000 --> 00:07:23,000 HISTORIC TAX RELIEF TO THE 140 00:07:23,000 --> 00:07:28,000 AMERICAN PEOPLE. [CHEERS AND APPLAUSE] 141 00:07:34,000 --> 00:07:36,000 DONALD TRUMP: THIS IS A ONCE IN 142 00:07:36,000 --> 00:07:38,000 A GENERATION OPPORTUNITY, AND I 143 00:07:38,000 --> 00:07:42,000 GUESS IT IS PROBABLY SOMETHING I 144 00:07:42,000 --> 00:07:43,000 GUESS I COULD SAY I AM VERY GOOD 145 00:07:43,000 --> 00:07:44,000 AT. 146 00:07:44,000 --> 00:07:46,000 I HAVE BEEN WAITING FOR THIS FOR 147 00:07:46,000 --> 00:07:51,000 A LONG TIME. WE ARE GOING TO CUT TAXES FOR 148 00:07:51,000 --> 00:07:54,000 THE MIDDLE CLASS, MAKE THE 149 00:07:54,000 --> 00:07:55,000 TAX CODE SIMPLER AND MORE FAIR 150 00:07:55,000 --> 00:07:57,000 FOR EVERY DAY AMERICANS TO BRING 151 00:07:57,000 --> 00:07:59,000 BACK THE JOBS AND WEALTH THAT 152 00:07:59,000 --> 00:08:02,000 HAVE LEFT OUR COUNTRY, AND MOST 153 00:08:02,000 --> 00:08:03,000 PEOPLE THOUGHT LEFT OUR COUNTRY 154 00:08:03,000 --> 00:08:08,000 FOR GOOD. [CHEERS AND APPLAUSE] 155 00:08:09,000 --> 00:08:12,000 DONALD TRUMP: WE WANT TAX REFORM 156 00:08:12,000 --> 00:08:17,000 THAT IS PROGROWTH PRO-JOBS, 157 00:08:19,000 --> 00:08:22,000 PRO-WORKER AND PROFAMILY, AND 158 00:08:22,000 --> 00:08:23,000 YES TAX REFORM THAT IS 159 00:08:23,000 --> 00:08:28,000 , PRO-AMERICAN. [CHEERS AND APPLAUSE] 160 00:08:28,000 --> 00:08:32,000 DONALD TRUMP: IT IS TIME FOR US 161 00:08:32,000 --> 00:08:34,000 TO TAKE CARE OF OUR PEOPLE, TO 162 00:08:34,000 --> 00:08:38,000 REBUILD OUR NATION, AND TO FIGHT 163 00:08:38,000 --> 00:08:40,000 FOR OUR GREAT AMERICAN WORKERS. 164 00:08:40,000 --> 00:08:45,000 [APPLAUSE] 165 00:08:45,000 --> 00:08:50,000 DONALD TRUMP: INDIANA IS A 166 00:08:50,000 --> 00:08:51,000 TREMENDOUS EXAMPLE OF THE 167 00:08:51,000 --> 00:08:53,000 PROSPERITY THAT IS UNLEASHED 168 00:08:53,000 --> 00:08:56,000 WHEN WE CUT TAXES AND SET FREE 169 00:08:56,000 --> 00:08:58,000 THE DREAMS OF OUR CITIZENS. 170 00:08:58,000 --> 00:09:01,000 THIS STATE HAS CLAIMED A 171 00:09:01,000 --> 00:09:05,000 POWERFUL CONTENT -- POWERFUL 172 00:09:05,000 --> 00:09:06,000 COMPETITIVE EDGE BUILT ON LESS 173 00:09:06,000 --> 00:09:09,000 REGULATION AND ARE WE CUTTING 174 00:09:09,000 --> 00:09:13,000 REGULATION. [CHEERS AND APPLAUSE] 175 00:09:13,000 --> 00:09:17,000 DONALD TRUMP: AND BUSINESSES ALL 176 00:09:17,000 --> 00:09:21,000 ACROSS THE COUNTRY HAVE TAKEN 177 00:09:21,000 --> 00:09:22,000 NOTICE. 178 00:09:22,000 --> 00:09:24,000 IN RECENT YEARS, INDIANA HAS 179 00:09:24,000 --> 00:09:29,000 WELCOMED DOZENS OF COMPANIES 180 00:09:29,000 --> 00:09:30,000 FLEEING HIGH-TECH STATES. 181 00:09:30,000 --> 00:09:31,000 THOUSANDS OF JOBS OF NEW CAPITAL 182 00:09:31,000 --> 00:09:32,000 INVESTMENT HAVE FOLLOWED 183 00:09:32,000 --> 00:09:34,000 MEETING A BETTER QUALITY OF LIFE 184 00:09:34,000 --> 00:09:36,000 FOR THE PEOPLE OF INDIANA. 185 00:09:36,000 --> 00:09:37,000 ALL OF THIS IS POSSIBLE BECAUSE 186 00:09:37,000 --> 00:09:42,000 THE PEOPLE OF THIS STATE HAVE 187 00:09:42,000 --> 00:09:44,000 MADE A DECISION. THEY CHOSE TO MAKE INDIANA 188 00:09:44,000 --> 00:09:46,000 COMPETITIVE AGAIN. 189 00:09:46,000 --> 00:09:50,000 THEY CHOSE, AND THEIR CHOICE WAS 190 00:09:50,000 --> 00:09:53,000 SO IMPORTANT, IT INCLUDED 191 00:09:53,000 --> 00:09:55,000 ELECTING A GOVERNOR, WHO YOU MAY 192 00:09:55,000 --> 00:09:59,000 HAVE HEARD OF, WHO SIGNED THE 193 00:09:59,000 --> 00:10:04,000 LARGEST INCOME TAX CUT IN THE 194 00:10:04,000 --> 00:10:07,000 STATE'S HISTORY, OUR VERY VERY 195 00:10:07,000 --> 00:10:10,000 TERRIFIC PERSON AND TERRIFIC 196 00:10:10,000 --> 00:10:12,000 VICE PRESIDENT, MIKE PENCE. 197 00:10:12,000 --> 00:10:16,000 [APPLAUSE] 198 00:10:16,000 --> 00:10:21,000 [APPLAUSE AND CHEERS] 199 00:10:21,000 --> 00:10:24,000 DONALD TRUMP: IT IS TIME FOR 200 00:10:24,000 --> 00:10:26,000 WASHINGTON TO LEARN FROM THE 201 00:10:26,000 --> 00:10:28,000 WISDOM OF INDIANA. 202 00:10:28,000 --> 00:10:30,000 WE NEED WASHINGTON TO PROMOTE 203 00:10:30,000 --> 00:10:32,000 AMERICAN JOBS INSTEAD OF 204 00:10:32,000 --> 00:10:35,000 OBSTRUCTING THEM. 205 00:10:35,000 --> 00:10:38,000 THAT IS WHAT I HAVE BEEN WORKING 206 00:10:38,000 --> 00:10:40,000 TO ACHIEVE EVERY DAY SINCE I TOOK OFFICE. 207 00:10:40,000 --> 00:10:42,000 THAT IS WHAT I TALKED ABOUT OF 208 00:10:42,000 --> 00:10:45,000 -- ON THE CAMPAIGN TRAIL. 209 00:10:45,000 --> 00:10:47,000 ALREADY WE ARE SEEING RESULTS OF 210 00:10:47,000 --> 00:10:50,000 AN ECONOMIC POLICY THAT FINALLY 211 00:10:50,000 --> 00:10:52,000 PUTS AMERICA FIRST. 212 00:10:52,000 --> 00:10:55,000 [APPLAUSE] 213 00:10:55,000 --> 00:10:58,000 DONALD TRUMP: UNEMPLOYMENT IS AT 214 00:10:58,000 --> 00:11:02,000 A 16-YEAR LOW. 215 00:11:02,000 --> 00:11:03,000 UNEMPLOYMENT FOR 216 00:11:03,000 --> 00:11:05,000 AFRICAN-AMERICANS IS NEAR ITS 217 00:11:05,000 --> 00:11:07,000 LOWEST POINT SINCE THE TURN OF 218 00:11:07,000 --> 00:11:09,000 THE MILLENNIUM. 219 00:11:09,000 --> 00:11:11,000 REALLY A FANTASTIC THING. 220 00:11:11,000 --> 00:11:14,000 [APPLAUSE] 221 00:11:14,000 --> 00:11:19,000 DONALD TRUMP: WAGES ARE RISING, 222 00:11:20,000 --> 00:11:23,000 OPTIMISM AMONG MANUFACTURERS HAS 223 00:11:23,000 --> 00:11:26,000 REACHED ALL-TIME HIGHS. 224 00:11:26,000 --> 00:11:30,000 GDP GROWTH LAST QUARTER REACHED 225 00:11:30,000 --> 00:11:31,000 WAY AHEAD OF SCHEDULE. 226 00:11:31,000 --> 00:11:32,000 NOBODY THOUGHT THAT WOULD HAPPEN 227 00:11:32,000 --> 00:11:35,000 FOR A LONG TIME. [APPLAUSE] 228 00:11:35,000 --> 00:11:38,000 DONALD TRUMP: AND THIS QUARTER, 229 00:11:38,000 --> 00:11:40,000 I BELIEVE, WOULD HAVE BEEN 230 00:11:40,000 --> 00:11:43,000 BETTER, BUT THE HURRICANES WILL 231 00:11:43,000 --> 00:11:44,000 HAVE AN IMPACT. 232 00:11:44,000 --> 00:11:46,000 BUT OTHER THAN THAT, IT WOULD 233 00:11:46,000 --> 00:11:48,000 HAVE BEEN IN MY OPINION EVEN 234 00:11:48,000 --> 00:11:50,000 BETTER. YOUR GOVERNMENT IS WORKING FOR 235 00:11:50,000 --> 00:11:53,000 YOU ONCE AGAIN, NOT FOR THE 236 00:11:53,000 --> 00:11:55,000 DONORS, NOT THE SPECIAL 237 00:11:55,000 --> 00:11:57,000 INTERESTS, BUT THE HARD PAYING 238 00:11:57,000 --> 00:12:00,000 -- HARD-WORKING TAXPAYING 239 00:12:00,000 --> 00:12:04,000 CITIZENS OF OUR COUNTRY. [APPLAUSE] 240 00:12:04,000 --> 00:12:06,000 DONALD TRUMP: AMERICA IS BACK ON 241 00:12:06,000 --> 00:12:08,000 THE RIGHT TRACK, AND I SEE SO 242 00:12:08,000 --> 00:12:10,000 MANY RED HAT MAKE AMERICA GREAT 243 00:12:10,000 --> 00:12:12,000 , AGAIN. 244 00:12:12,000 --> 00:12:13,000 THAT IS WHAT WE ARE DOING MAKE 245 00:12:13,000 --> 00:12:14,000 , AMERICA GREAT AGAIN. 246 00:12:14,000 --> 00:12:15,000 [CHEERS AND APPLAUSE] 247 00:12:15,000 --> 00:12:19,000 DONALD TRUMP: BUT OUR COUNTRY 248 00:12:19,000 --> 00:12:20,000 AND OUR ECONOMY CANNOT TAKE OFF 249 00:12:20,000 --> 00:12:23,000 LIKE THEY SHOULD UNLESS WE 250 00:12:23,000 --> 00:12:26,000 DRAMATICALLY REFORM AMERICA'S 251 00:12:26,000 --> 00:12:28,000 OUTDATED COMPLEX, AND EXTREMELY 252 00:12:28,000 --> 00:12:31,000 BURDENSOME TAX CODE. 253 00:12:31,000 --> 00:12:34,000 IT IS A RELIC. 254 00:12:34,000 --> 00:12:35,000 GOT TO CHANGE IT. 255 00:12:35,000 --> 00:12:37,000 GOT TO COMPETE COMPETE WITH 256 00:12:37,000 --> 00:12:38,000 OTHER COUNTRIES. 257 00:12:38,000 --> 00:12:40,000 THE CURRENT TAX SYSTEM IS A 258 00:12:40,000 --> 00:12:43,000 COLOSSAL BARRIER STANDING IN THE 259 00:12:43,000 --> 00:12:45,000 WAY OF AMERICA'S ECONOMIC 260 00:12:45,000 --> 00:12:47,000 COMEBACK, BECAUSE IT CAN BE FAR 261 00:12:47,000 --> 00:12:50,000 GREATER THAN IT HAS EVER BEEN. 262 00:12:50,000 --> 00:12:51,000 BUT WE ARE GOING TO REMOVE THAT 263 00:12:51,000 --> 00:12:52,000 BARRIER AND CREATE A TAX SYSTEM 264 00:12:52,000 --> 00:12:55,000 THAT OUR PEOPLE FINALLY FINALLY 265 00:12:55,000 --> 00:12:57,000 , FINALLY WANT AND DESERVE. 266 00:12:57,000 --> 00:13:01,000 FOR SEVERAL MONTHS, MY 267 00:13:01,000 --> 00:13:02,000 ADMINISTRATION HAS BEEN WORKING 268 00:13:02,000 --> 00:13:05,000 CLOSELY WITH CONGRESS TO DEVELOP THE FRAMEWORK FOR TAX REFORM. 269 00:13:05,000 --> 00:13:07,000 OVER THE NEXT FEW MONTHS, THE 270 00:13:07,000 --> 00:13:10,000 HOUSE AND SENATE WILL BUILD ON 271 00:13:10,000 --> 00:13:11,000 THIS FRAMEWORK AND BUILD LEGISLATION THAT WILL DELIVER 272 00:13:11,000 --> 00:13:15,000 MORE JOBS, HIGHER PAY, AND LOWER 273 00:13:15,000 --> 00:13:17,000 TAXES FOR MIDDLE-CLASS FAMILIES, 274 00:13:17,000 --> 00:13:19,000 FOR THE WORKING MAN AND WOMAN 275 00:13:19,000 --> 00:13:22,000 AND FOR BUSINESSES OF ALL SIZES. 276 00:13:22,000 --> 00:13:25,000 I LOOK 277 00:13:25,000 --> 00:13:30,000 [APPLAUSE] 278 00:13:30,000 --> 00:13:33,000 PRES. TRUMP: I LOOK FORWARD TO 279 00:13:33,000 --> 00:13:37,000 WORKING WITH CONGRESS TO DELIVER 280 00:13:37,000 --> 00:13:39,000 THESE HISTORIC TAX CUTS AND 281 00:13:39,000 --> 00:13:40,000 REFORMS TO THE AMERICAN PEOPLE. 282 00:13:40,000 --> 00:13:43,000 THESE TAX CUTS ARE SIGNIFICANT 283 00:13:43,000 --> 00:13:44,000 . 284 00:13:44,000 --> 00:13:47,000 THERE HAS NEVER BEN TAX CUTS 285 00:13:47,000 --> 00:13:49,000 LIKE WHAT WE ARE TALKING ABOUT. 286 00:13:49,000 --> 00:13:52,000 OUR FRAMEWORK IS BASED ON FOUR 287 00:13:52,000 --> 00:13:53,000 KEY IDEAS. 288 00:13:53,000 --> 00:13:54,000 WE WILL CUT TAXES FOR THE 289 00:13:54,000 --> 00:13:58,000 FIRST, EVERYDAY HARD-WORKING 290 00:13:58,000 --> 00:14:01,000 AMERICANS, THE PEOPLE THAT WORK 291 00:14:01,000 --> 00:14:03,000 SO LONG, SO HARD, AND THEY HAVE 292 00:14:03,000 --> 00:14:07,000 BEEN FORGOTTEN. 293 00:14:07,000 --> 00:14:09,000 BUT THEY ARE NOT FORGOTTEN 294 00:14:09,000 --> 00:14:10,000 ANYMORE. I THINK WE PROVED THAT ON 295 00:14:10,000 --> 00:14:11,000 NOVEMBER 8. 296 00:14:11,000 --> 00:14:15,000 [APPLAUSE] 297 00:14:15,000 --> 00:14:20,000 PRES. TRUMP: UNDER THIS 298 00:14:20,000 --> 00:14:23,000 FRAMEWORK, THE FIRST $12,000 OF 299 00:14:23,000 --> 00:14:25,000 INCOME EARNED BY A SINGLE INDIVIDUAL WILL BE TAX-FREE. 300 00:14:25,000 --> 00:14:28,000 [APPLAUSE] 301 00:14:28,000 --> 00:14:33,000 PRES. TRUMP: AND A MARRIED 302 00:14:33,000 --> 00:14:36,000 COUPLE WILL NOT PAY A DIME IN 303 00:14:36,000 --> 00:14:37,000 TAXES ON THEIR FIRST $24,000 OF 304 00:14:37,000 --> 00:14:38,000 INCOME. 305 00:14:38,000 --> 00:14:43,000 A MARRIED COUPLE, UP TO $24,000 306 00:14:43,000 --> 00:14:44,000 CAN SPEND THEIR MONEY ON A 307 00:14:44,000 --> 00:14:47,000 FAMILY, ON THEIR CHILDREN, ON 308 00:14:47,000 --> 00:14:48,000 WHAT THEY HAD TO DO. 309 00:14:48,000 --> 00:14:49,000 SO MUCH BETTER. IN OTHER WORDS, MORE INCOME FOR 310 00:14:49,000 --> 00:14:52,000 MORE PEOPLE WILL BE TAXED AT A 311 00:14:52,000 --> 00:14:54,000 RATE OF ZERO. 312 00:14:54,000 --> 00:14:55,000 [APPLAUSE] 313 00:14:55,000 --> 00:15:00,000 PRES. TRUMP: AT THIS 0% RATE, 314 00:15:04,000 --> 00:15:07,000 TAXABLE INCOME WILL BE SUBJECT 315 00:15:07,000 --> 00:15:10,000 TO JUST THREE TAX RATE OF 12% 316 00:15:10,000 --> 00:15:15,000 25%, AND 30 5%. 317 00:15:15,000 --> 00:15:16,000 JONATHAN BLANTON AND HIS WIFE, 318 00:15:16,000 --> 00:15:19,000 JAMIE, FROM GREEN TOWN, ARE HERE 319 00:15:19,000 --> 00:15:20,000 WITH US TODAY. 320 00:15:20,000 --> 00:15:22,000 WHERE ARE THEY? 321 00:15:22,000 --> 00:15:23,000 HELLO, JONATHAN. 322 00:15:23,000 --> 00:15:24,000 HOW ARE YOU? [APPLAUSE] 323 00:15:24,000 --> 00:15:29,000 PRES. TRUMP: JONATHAN DOES 324 00:15:29,000 --> 00:15:30,000 INDUSTRIAL JANITORIAL WORK, AND 325 00:15:30,000 --> 00:15:32,000 JAMIE WORKS AT AN AUTO COMPANY. 326 00:15:32,000 --> 00:15:36,000 TOGETHER, THEY ARE RAISING FOUR 327 00:15:36,000 --> 00:15:37,000 BEAUTIFUL CHILDREN, AND LAST 328 00:15:37,000 --> 00:15:42,000 YEAR, THEY EARNED LESS THAN 329 00:15:42,000 --> 00:15:43,000 $90,000. 330 00:15:43,000 --> 00:15:44,000 UNDER OUR TAX PLAN, THEY WOULD 331 00:15:44,000 --> 00:15:47,000 HAVE SAVED MORE THAN $1000. 332 00:15:47,000 --> 00:15:48,000 IT COULD BE SUBSTANTIALLY MORE. 333 00:15:48,000 --> 00:15:49,000 AND THAT IS JUST ON FEDERAL 334 00:15:49,000 --> 00:15:50,000 TAXES. 335 00:15:50,000 --> 00:15:52,000 SO THEY WOULD HAVE SAVED AT 336 00:15:52,000 --> 00:15:54,000 LEAST $1000. 337 00:15:54,000 --> 00:15:55,000 MIDDLE INCOME FAMILIES WILL SAVE 338 00:15:55,000 --> 00:15:58,000 EVEN MORE MONEY WITH AN 339 00:15:58,000 --> 00:15:59,000 INCREASED CHILD TAX CREDIT FOR 340 00:15:59,000 --> 00:16:01,000 CHILDREN UNDER THE AGE OF 17. 341 00:16:01,000 --> 00:16:04,000 WITH SO MANY -- WHICH SO MANY 342 00:16:04,000 --> 00:16:08,000 FAMILIES HAVE BEEN MEETING. 343 00:16:08,000 --> 00:16:11,000 PRES. TRUMP: WE WILL ELIMINATE 344 00:16:11,000 --> 00:16:15,000 THE MARRIAGE PENALTY IN THE 345 00:16:15,000 --> 00:16:16,000 EXISTING CREDIT AND EXPAND 346 00:16:16,000 --> 00:16:21,000 ELIGIBILITY TO INCLUDE EVEN MORE MIDDLE INCOME FAMILIES, GREATLY 347 00:16:21,000 --> 00:16:22,000 EXPANDED. 348 00:16:22,000 --> 00:16:24,000 WE ARE ALSO EXPANDING THE CHILD 349 00:16:24,000 --> 00:16:26,000 TAX CREDIT BECAUSE WE BELIEVE 350 00:16:26,000 --> 00:16:30,000 THE MOST IMPORTANT INVESTMENT OUR COUNTRY CAN MAKE IS IN OUR 351 00:16:30,000 --> 00:16:35,000 CHILDREN. 352 00:16:35,000 --> 00:16:38,000 THIS IS JUST ONE MORE CRITICAL 353 00:16:38,000 --> 00:16:43,000 WAY THAT WE ARE TARGETING RELIEF 354 00:16:44,000 --> 00:16:45,000 TO WORKING FAMILIES. 355 00:16:45,000 --> 00:16:49,000 IN ADDITION, UNDER OUR FRAMEWORK, THOSE CARING FOR THE 356 00:16:49,000 --> 00:16:51,000 ELDERLY -- AND WE LOVE THESE 357 00:16:51,000 --> 00:16:55,000 PEOPLE -- BUT WE ARE CARING AND 358 00:16:55,000 --> 00:16:58,000 WE TAKE SUCH CARE OF THE ELDERLY 359 00:16:58,000 --> 00:17:00,000 AND OTHER ADULT DEPENDENTS WILL 360 00:17:00,000 --> 00:17:05,000 RECEIVE FINANCIAL RELIEF IN THE FORM OF A $500 TAX CREDIT. 361 00:17:05,000 --> 00:17:07,000 [APPLAUSE] 362 00:17:07,000 --> 00:17:12,000 PRES. TRUMP: WE ARE DOING 363 00:17:12,000 --> 00:17:13,000 EVERYTHING WE CAN TO REDUCE THE 364 00:17:13,000 --> 00:17:15,000 TAX BURDEN ON YOU AND YOUR 365 00:17:15,000 --> 00:17:17,000 FAMILY. 366 00:17:17,000 --> 00:17:20,000 BY ELIMINATING TAX BREAKS AND 367 00:17:20,000 --> 00:17:22,000 LOOPHOLES, WE WILL ENSURE THAT 368 00:17:22,000 --> 00:17:23,000 THE BENEFITS ARE FOCUSED ON THE 369 00:17:23,000 --> 00:17:24,000 MIDDLE CLASS, THE WORKING MEN 370 00:17:24,000 --> 00:17:29,000 AND WOMEN, NOT THE 371 00:17:30,000 --> 00:17:31,000 HIGHEST-INCOME EARNERS. 372 00:17:31,000 --> 00:17:32,000 [APPLAUSE] 373 00:17:32,000 --> 00:17:37,000 PRES. TRUMP: OUR FRAMEWORK 374 00:17:37,000 --> 00:17:41,000 INCLUDES OUR EXPLICIT COMMITMENT 375 00:17:41,000 --> 00:17:43,000 NOT TAX REFORM WILL PROTECT LOW 376 00:17:43,000 --> 00:17:44,000 INCOME AND MIDDLE INCOME 377 00:17:44,000 --> 00:17:45,000 HOUSEHOLDS, NOT THE WEALTHY AND 378 00:17:45,000 --> 00:17:48,000 WELL-CONNECTED. 379 00:17:48,000 --> 00:17:49,000 THEY CAN CALL ME ALL THEY WANT. 380 00:17:49,000 --> 00:17:50,000 NOT GOING TO HELP. 381 00:17:50,000 --> 00:17:53,000 I AM DOING THE RIGHT THING AND 382 00:17:53,000 --> 00:17:54,000 IT IS NOT GOOD FOR ME, BELIEVE ME. 383 00:17:54,000 --> 00:17:59,000 [APPLAUSE] PRES. TRUMP: BUT WHAT IS GOOD 384 00:17:59,000 --> 00:18:04,000 FOR ME, NOT ONLY AS PRESIDENT 385 00:18:06,000 --> 00:18:07,000 AND IN LEGACY, WHAT IS GOOD FOR 386 00:18:07,000 --> 00:18:08,000 ME IS IF EVERYTHING TAKES OFF 387 00:18:08,000 --> 00:18:11,000 LIKE A ROCKET SHIP LIKE IT 388 00:18:11,000 --> 00:18:12,000 SHOULD HAVE FOR 20 YEARS. 389 00:18:12,000 --> 00:18:14,000 THAT IS GOOD FOR ME. 390 00:18:14,000 --> 00:18:17,000 THAT IS GOOD FOR EVERYONE. 391 00:18:17,000 --> 00:18:18,000 AND THAT IS WHAT I THINK IS 392 00:18:18,000 --> 00:18:22,000 GOING TO HAPPEN. 393 00:18:22,000 --> 00:18:23,000 AND A LOT OF THE VERY WEALTHY 394 00:18:23,000 --> 00:18:24,000 PEOPLE FEEL THE SAME WAY 395 00:18:24,000 --> 00:18:25,000 BELIEVE ME. 396 00:18:25,000 --> 00:18:30,000 FACT, WE ARE ELIMINATING MOST 397 00:18:30,000 --> 00:18:31,000 ITEMIZED DEDUCTIONS THAT 398 00:18:31,000 --> 00:18:32,000 PRIMARILY BENEFIT THE WEALTHIEST 399 00:18:32,000 --> 00:18:34,000 TAXPAYERS. 400 00:18:34,000 --> 00:18:35,000 WE HAVE ALSO GIVEN CONGRESS THE 401 00:18:35,000 --> 00:18:40,000 FLEXIBILITY TO ADD AN INITIAL TOP RATE ON THE VERY HIGHEST 402 00:18:40,000 --> 00:18:41,000 INCOME EARNERS TO PROVIDE EVEN 403 00:18:41,000 --> 00:18:43,000 MORE TAX RELIEF FOR WORKING 404 00:18:43,000 --> 00:18:44,000 PEOPLE. 405 00:18:44,000 --> 00:18:45,000 SECOND, OUR FRAMEWORK WILL MAKE 406 00:18:45,000 --> 00:18:48,000 THE TAX CODE SIMPLE, FAIR, AND 407 00:18:48,000 --> 00:18:52,000 EASY TO UNDERSTAND FINALLY. 408 00:18:52,000 --> 00:18:55,000 AMERICANS WASTE MONEY -- 409 00:18:55,000 --> 00:18:56,000 [APPLAUSE] 410 00:18:56,000 --> 00:19:01,000 PRES. TRUMP: AMERICANS WASTE SO 411 00:19:02,000 --> 00:19:04,000 MUCH MONEY. 412 00:19:04,000 --> 00:19:08,000 BILLIONS AND BILLIONS OF DOLLARS 413 00:19:08,000 --> 00:19:10,000 AND MANY HOURS EACH YEAR TO 414 00:19:10,000 --> 00:19:11,000 COMPLY WITH OUR RIDICULOUSLY 415 00:19:11,000 --> 00:19:14,000 COMPLEX TAX CODE. 416 00:19:14,000 --> 00:19:18,000 MORE THAN 90% OF AMERICANS USE 417 00:19:18,000 --> 00:19:20,000 ASSISTANCE TO PREPARE THEIR 418 00:19:20,000 --> 00:19:23,000 TAXES. UNDER OUR FRAMEWORK THE VAST 419 00:19:23,000 --> 00:19:24,000 MAJORITY OF FAMILIES WILL BE 420 00:19:24,000 --> 00:19:25,000 ABLE TO FILE THEIR TAXES ON A 421 00:19:25,000 --> 00:19:27,000 SINGLE SHEET OF PAPER. 422 00:19:27,000 --> 00:19:30,000 [CHEERS AND APPLAUSE] 423 00:19:30,000 --> 00:19:35,000 PRES. TRUMP: WE ARE ALSO 424 00:19:41,000 --> 00:19:42,000 REPEALING THE ALTERNATIVE 425 00:19:42,000 --> 00:19:46,000 MINIMUM TAX, OR AMP. 426 00:19:46,000 --> 00:19:47,000 ABOUT TIME. [APPLAUSE] 427 00:19:47,000 --> 00:19:52,000 PRES. TRUMP: THE AMT IS A SHADOW 428 00:19:54,000 --> 00:19:55,000 TAX SYSTEM THAT REQUIRES MANY 429 00:19:55,000 --> 00:19:56,000 PEOPLE TO CALCULATE THEIR TAXES 430 00:19:56,000 --> 00:20:01,000 TWO DIFFERENT WAYS AND PAY THE 431 00:20:01,000 --> 00:20:02,000 HIGHER OF THE TWO AMOUNTS. 432 00:20:02,000 --> 00:20:03,000 YOU ARE ALL FAMILIAR WITH IT. 433 00:20:03,000 --> 00:20:08,000 UNDER OUR FRAMEWORK, THE AMT 434 00:20:09,000 --> 00:20:10,000 WILL MAKE EVEN LESS SENSE 435 00:20:10,000 --> 00:20:11,000 BECAUSE WE ARE REPEALING A LOT 436 00:20:11,000 --> 00:20:14,000 OF THE SPECIAL INTEREST TAX 437 00:20:14,000 --> 00:20:15,000 BREAKS IT WAS DESIGNED TO DEAL 438 00:20:15,000 --> 00:20:17,000 WITH. WE ARE MAKING OUR TEXAS -- 439 00:20:17,000 --> 00:20:18,000 SIMPLE AGAIN. 440 00:20:18,000 --> 00:20:23,000 OUR TAXES -- WE ARE MAKING OUR 441 00:20:23,000 --> 00:20:24,000 TAXES SIMPLE AGAIN. 442 00:20:24,000 --> 00:20:27,000 WE ARE FINALLY ENDING THE 443 00:20:27,000 --> 00:20:31,000 CRUSHING, HORRIBLE UNFAIR THE 444 00:20:31,000 --> 00:20:32,000 STATE TAX, OR AS IT IS OFTEN 445 00:20:32,000 --> 00:20:36,000 REFERRED TO -- THE DEATH TAX. 446 00:20:36,000 --> 00:20:37,000 [CHEERS AND APPLAUSE] 447 00:20:37,000 --> 00:20:42,000 PRES. TRUMP: THAT MEANS, 448 00:20:58,000 --> 00:21:00,000 ESPECIALLY FOR ALL OF YOU WITH 449 00:21:00,000 --> 00:21:02,000 SMALL BUSINESSES THAT ARE REALLY 450 00:21:02,000 --> 00:21:03,000 TREMENDOUS BUSINESSES, YOU WILL 451 00:21:03,000 --> 00:21:04,000 BE ABLE TO LEAVE THEM TO YOUR 452 00:21:04,000 --> 00:21:06,000 FAMILY AND THEY WILL NOT HAVE TO 453 00:21:06,000 --> 00:21:09,000 RUN OUT AND DO A FIRE SALE TO 454 00:21:09,000 --> 00:21:11,000 TRY AND GET THE MONEY TO PAY THE 455 00:21:11,000 --> 00:21:15,000 TAX, LOSE THE BUSINESS. 456 00:21:15,000 --> 00:21:17,000 ALL OF THOSE JOBS ARE LOST. 457 00:21:17,000 --> 00:21:19,000 THE FARMERS IN PARTICULAR ARE 458 00:21:19,000 --> 00:21:21,000 AFFECTED. 459 00:21:21,000 --> 00:21:23,000 THEY HAVE WONDERFUL FARMS BUT 460 00:21:23,000 --> 00:21:26,000 CANNOT PAY THE TAX, SO THEY HAVE TO SELL THE FARM. 461 00:21:26,000 --> 00:21:27,000 THE PEOPLE WHO BUY IT DO NOT RUN 462 00:21:27,000 --> 00:21:30,000 IT WITH LOVE. THEY CANNOT RUN IT THE SAME WAY, 463 00:21:30,000 --> 00:21:34,000 AND IT GOES OUT. THE DEATH TAX IS A DISASTER FOR 464 00:21:34,000 --> 00:21:35,000 THIS COUNTRY AND A DISASTER FOR 465 00:21:35,000 --> 00:21:36,000 SO MANY SMALL BUSINESSES AND 466 00:21:36,000 --> 00:21:37,000 FARMERS, AND WE ARE GETTING RID 467 00:21:37,000 --> 00:21:42,000 OF IT. [CHEERS AND APPLAUSE] 468 00:21:48,000 --> 00:21:52,000 PRES. TRUMP: NOW IF YOU DO NOT 469 00:21:52,000 --> 00:21:53,000 LIKE YOUR FAMILY, IT WILL NOT 470 00:21:53,000 --> 00:21:57,000 MATTER. [LAUGHTER] PRES. TRUMP: BUT FOR THOSE WHO 471 00:21:57,000 --> 00:21:58,000 LOVE YOUR FAMILY IT MATTERS A 472 00:21:58,000 --> 00:22:01,000 LOT. WITH US TODAY IS A FAMILY FARMER 473 00:22:01,000 --> 00:22:04,000 FROM LEESBURG. 474 00:22:04,000 --> 00:22:06,000 HI KIP! 475 00:22:06,000 --> 00:22:07,000 [APPLAUSE] 476 00:22:07,000 --> 00:22:10,000 PRES. TRUMP: WHO FEARS THAT HIS 477 00:22:10,000 --> 00:22:13,000 FAMILY'S FARMING HERITAGE -- 478 00:22:13,000 --> 00:22:15,000 BEEN A LONG TIME. 479 00:22:15,000 --> 00:22:17,000 187 YEARS. 480 00:22:17,000 --> 00:22:20,000 PEANUTS, KID. 481 00:22:20,000 --> 00:22:24,000 THAT IS A LONG TIME. 482 00:22:24,000 --> 00:22:25,000 BUT THAT GREAT HERITAGE COULD COME TO AN END BECAUSE OF THE 483 00:22:25,000 --> 00:22:30,000 DEATH TAX OR THE ESTATE TAX AND 484 00:22:30,000 --> 00:22:31,000 COULD MAKE IT IMPOSSIBLE FOR HIM 485 00:22:31,000 --> 00:22:32,000 TO PASS THAT LEGACY TO HIS 486 00:22:32,000 --> 00:22:35,000 WONDERFUL FAMILY. 487 00:22:35,000 --> 00:22:36,000 WE ARE NOT GOING TO LET THAT 488 00:22:36,000 --> 00:22:38,000 HAPPEN. WE ARE NOT GOING TO ALLOW THE 489 00:22:38,000 --> 00:22:41,000 DEATH TAX TO STEAL AWAY THE 490 00:22:41,000 --> 00:22:45,000 AMERICAN DREAM FROM THESE GREAT 491 00:22:45,000 --> 00:22:46,000 FAMILIES, MANY OF WHICH ARE IN 492 00:22:46,000 --> 00:22:47,000 THIS ROOM TODAY. 493 00:22:47,000 --> 00:22:52,000 [APPLAUSE] PRES. TRUMP: WE WILL PROTECT OUR 494 00:22:55,000 --> 00:22:59,000 FARMERS, OUR RANCHERS, AND OUR 495 00:22:59,000 --> 00:23:02,000 SMALL BUSINESSES, AND WE WILL MAKE TAXES SIMPLE, EASY, AND 496 00:23:02,000 --> 00:23:06,000 FAIR FOR ALL AMERICANS. 497 00:23:06,000 --> 00:23:07,000 OK? 498 00:23:07,000 --> 00:23:12,000 [APPLAUSE] PRES. TRUMP: THIRD, WE WILL CUT 499 00:23:12,000 --> 00:23:15,000 TAXES ON AMERICAN BUSINESSES TO 500 00:23:15,000 --> 00:23:17,000 RESTORE OUR COMPETITIVE EDGE AND 501 00:23:17,000 --> 00:23:20,000 CREATE MORE JOBS AND HIGHER 502 00:23:20,000 --> 00:23:24,000 WAGES FOR AMERICAN WORKERS. 503 00:23:24,000 --> 00:23:25,000 [APPLAUSE] 504 00:23:25,000 --> 00:23:30,000 PRES. TRUMP: IN INDIANA, YOU 505 00:23:32,000 --> 00:23:33,000 HAVE SEEN FIRSTHAND THAT CUTTING 506 00:23:33,000 --> 00:23:34,000 TAXES ON BUSINESSES MAKES YOUR 507 00:23:34,000 --> 00:23:36,000 STATE MORE COMPETITIVE AND LEADS 508 00:23:36,000 --> 00:23:38,000 TO MORE JOBS AND HIGHER 509 00:23:38,000 --> 00:23:41,000 PAYCHECKS FOR YOUR WORKERS. 510 00:23:41,000 --> 00:23:42,000 NOW, WE WANT TO DO THE SAME 511 00:23:42,000 --> 00:23:45,000 THING FOR AMERICA MAKING OUR 512 00:23:45,000 --> 00:23:50,000 COUNTRY MORE COMPETITIVE WITH 513 00:23:50,000 --> 00:23:51,000 OTHER NATIONS, AND IN MANY 514 00:23:51,000 --> 00:23:55,000 CASES, THOSE OTHER NATIONS ARE 515 00:23:55,000 --> 00:23:56,000 TAKING ADVANTAGE OF US IN SO MANY WAYS. 516 00:23:56,000 --> 00:23:58,000 THEY SAY THEY ARE FRIENDS, AND 517 00:23:58,000 --> 00:24:01,000 PERHAPS THEY ARE, BUT BELIEVE 518 00:24:01,000 --> 00:24:02,000 ME, I AM RENEGOTIATING OUR TRADE 519 00:24:02,000 --> 00:24:04,000 DEALS, INCLUDING NAFTA 520 00:24:04,000 --> 00:24:06,000 INCLUDING MANY OTHER TRADE 521 00:24:06,000 --> 00:24:11,000 DEALS. 522 00:24:12,000 --> 00:24:15,000 AND THROUGH REGULATION, ALL YOU HAVE TO DO IS LOOK AT THE 523 00:24:15,000 --> 00:24:18,000 MASSIVE PIPELINES, THE CODE 524 00:24:18,000 --> 00:24:20,000 ACCESS. 525 00:24:20,000 --> 00:24:21,000 YOU TAKE A LOOK. 526 00:24:21,000 --> 00:24:22,000 48,000 JOBS IMMEDIATELY 527 00:24:22,000 --> 00:24:24,000 APPROVED SO WE ARE LETTING THAT 528 00:24:24,000 --> 00:24:28,000 HAPPEN. BUT IN TERMS OF THE TAX AND THE 529 00:24:28,000 --> 00:24:30,000 TAX STRATEGY THAT RONALD REAGAN 530 00:24:30,000 --> 00:24:32,000 USED TO CREATE AN ECONOMIC BOOM 531 00:24:32,000 --> 00:24:33,000 IN THE 1980'S, WHEN OUR ECONOMY 532 00:24:33,000 --> 00:24:36,000 TOOK OFF, THE MIDDLE CLASS 533 00:24:36,000 --> 00:24:39,000 THRIVED, AND THE FAMILY INCOME 534 00:24:39,000 --> 00:24:42,000 OF ALL FAMILIES WAS INCREASING 535 00:24:42,000 --> 00:24:46,000 MORE AND MORE AND IT WAS A 536 00:24:46,000 --> 00:24:47,000 BEAUTIFUL SIGHT TO BEHOLD. 537 00:24:47,000 --> 00:24:49,000 SINCE THEN, OTHER NATIONS HAVE 538 00:24:49,000 --> 00:24:51,000 ADOPTED, UNFORTUNATELY, OUR 539 00:24:51,000 --> 00:24:52,000 PLAYBOOK. 540 00:24:52,000 --> 00:24:54,000 AND RAN IT EVEN BETTER THAN WE 541 00:24:54,000 --> 00:24:56,000 DID. 542 00:24:56,000 --> 00:24:58,000 I SHOULD NOT THEY EVEN BETTER 543 00:24:58,000 --> 00:24:59,000 BECAUSE WE DID NOT RUN IT WELL 544 00:24:59,000 --> 00:25:03,000 AT ALL AND WE LET OTHER NATIONS 545 00:25:03,000 --> 00:25:04,000 TAKE ADVANTAGE OF US AND TAKE 546 00:25:04,000 --> 00:25:07,000 OUR JOBS AWAY, AND TAKE OUR 547 00:25:07,000 --> 00:25:08,000 BUSINESSES OUT, AND WE ARE 548 00:25:08,000 --> 00:25:09,000 STOPPING THAT. AND YOU SEE RIGHT HERE WHAT WE 549 00:25:09,000 --> 00:25:10,000 HAVE DONE. 550 00:25:10,000 --> 00:25:11,000 TODAY, OUR TOTAL BUSINESS TAX 551 00:25:11,000 --> 00:25:14,000 RATE IS 60% HIGHER THAN OUR 552 00:25:14,000 --> 00:25:17,000 AVERAGE FOREIGN COMPETITOR IN 553 00:25:17,000 --> 00:25:18,000 THE DEVELOPED WORLD. 554 00:25:18,000 --> 00:25:21,000 THAT IS NOT GOOD. 555 00:25:21,000 --> 00:25:22,000 WE HAVE SURRENDERED OUR 556 00:25:22,000 --> 00:25:23,000 COMPETITIVE EDGE TO OTHER 557 00:25:23,000 --> 00:25:24,000 COUNTRIES, BUT WE ARE NOT 558 00:25:24,000 --> 00:25:26,000 SURRENDERING ANYMORE. 559 00:25:26,000 --> 00:25:29,000 WE ARE NOT SURRENDERING ANYMORE. 560 00:25:29,000 --> 00:25:30,000 UNDER OUR FRAMEWORK, WE WOULD 561 00:25:30,000 --> 00:25:31,000 DRAMATICALLY CUT THE BUSINESS 562 00:25:31,000 --> 00:25:32,000 TAX RATE SO THAT AMERICAN 563 00:25:32,000 --> 00:25:34,000 COMPANIES AND AMERICAN WORKERS 564 00:25:34,000 --> 00:25:37,000 CAN BEAT OUR FOREIGN COMPETITORS 565 00:25:37,000 --> 00:25:42,000 AND START WINNING AGAIN. 566 00:25:47,000 --> 00:25:48,000 [APPLAUSE] 567 00:25:48,000 --> 00:25:53,000 PRES. TRUMP: WE WILL REDUCE THE 568 00:25:54,000 --> 00:25:57,000 CORPORATE TAX RATE TO NO HIGHER 569 00:25:57,000 --> 00:25:59,000 THAN 20%. 570 00:25:59,000 --> 00:26:04,000 THAT IS WAY DOWN FROM 35 AND 39. 571 00:26:09,000 --> 00:26:10,000 WHAT IS SUBSTANTIALLY BELOW THE 572 00:26:10,000 --> 00:26:12,000 AVERAGE OF OTHER INDUSTRIALIZED 573 00:26:12,000 --> 00:26:15,000 NATIONS, THIS IS A REVOLUTIONARY 574 00:26:15,000 --> 00:26:17,000 CHANGE AND THE BIGGEST WINNERS 575 00:26:17,000 --> 00:26:19,000 WILL BE THE EVERYDAY AMERICAN 576 00:26:19,000 --> 00:26:20,000 WORKERS AS JOB START POURING 577 00:26:20,000 --> 00:26:23,000 INTO OUR COUNTRY, AS COMPANIES 578 00:26:23,000 --> 00:26:24,000 START COMPETING FOR AMERICAN 579 00:26:24,000 --> 00:26:28,000 LABOR AND AS WAGES START GOING 580 00:26:28,000 --> 00:26:29,000 UP AT LEVELS YOU HAVE NOT SEEN 581 00:26:29,000 --> 00:26:34,000 IN MANY YEARS. 582 00:26:35,000 --> 00:26:36,000 [APPLAUSE] 583 00:26:36,000 --> 00:26:39,000 PRES. TRUMP: WHEN OUR COMPANIES 584 00:26:39,000 --> 00:26:42,000 MOVE TO OTHER COUNTRIES IT IS 585 00:26:42,000 --> 00:26:43,000 OUR LOYAL AMERICAN WORKERS WHO 586 00:26:43,000 --> 00:26:45,000 GET HURT, AND WHEN COMPANIES 587 00:26:45,000 --> 00:26:50,000 STAY IN AMERICA AND COME TO 588 00:26:50,000 --> 00:26:51,000 AMERICA, IT IS OUR WONDERFUL 589 00:26:51,000 --> 00:26:53,000 WORKERS WHO REAP THE REWARDS. 590 00:26:53,000 --> 00:26:56,000 AND I JUST LEFT THE UNITED 591 00:26:56,000 --> 00:26:57,000 NATION'S THIS WEEK, AND I WAS 592 00:26:57,000 --> 00:26:59,000 TOLD BY ONE OF THE MOST POWERFUL 593 00:26:59,000 --> 00:27:02,000 LEADERS OF THE WORLD THAT THEY 594 00:27:02,000 --> 00:27:07,000 ARE GOING TO BE ANNOUNCING FIVE 595 00:27:07,000 --> 00:27:08,000 MAJOR FACTORIES IN THE UNITED 596 00:27:08,000 --> 00:27:13,000 STATES BETWEEN INCREASING. 597 00:27:15,000 --> 00:27:16,000 YOU WILL BE HEARING ABOUT THAT 598 00:27:16,000 --> 00:27:19,000 VERY SOON. 599 00:27:19,000 --> 00:27:20,000 AND I SAID "THANK YOU VERY 600 00:27:20,000 --> 00:27:21,000 MUCH." 601 00:27:21,000 --> 00:27:25,000 AND HE SAID "YOU KNOW WHAT? 602 00:27:25,000 --> 00:27:27,000 IT IS STARTING TO HAPPEN IN THE UNITED STATES. 603 00:27:27,000 --> 00:27:30,000 IT IS STARTING TO HAPPEN." 604 00:27:30,000 --> 00:27:31,000 I JUST WANTED TO LET YOU KNOW. 605 00:27:31,000 --> 00:27:32,000 I PROMISED I WOULD NOT SAY WHO. 606 00:27:32,000 --> 00:27:34,000 I WILL KEEP MY WORD, OK? 607 00:27:34,000 --> 00:27:35,000 UNLESS THE FORCE ME. 608 00:27:35,000 --> 00:27:37,000 [LAUGHTER] >> WHO? 609 00:27:37,000 --> 00:27:38,000 [LAUGHTER] 610 00:27:38,000 --> 00:27:41,000 PRES. TRUMP: MEMBERS OF BOTH 611 00:27:41,000 --> 00:27:45,000 PARTIES -- IT HAPPENS TO BE IN 612 00:27:45,000 --> 00:27:46,000 THE AUTOMOBILE INDUSTRY. 613 00:27:46,000 --> 00:27:47,000 MEMBERS OF BOTH PARTIES SHOULD AGREE THAT WE NEED A TAX CODE 614 00:27:47,000 --> 00:27:49,000 THAT KEEPS JOBS IN OUR COUNTRY 615 00:27:49,000 --> 00:27:53,000 AND BRINGS JOBS BACK TO OUR 616 00:27:53,000 --> 00:27:54,000 COUNTRY. 617 00:27:54,000 --> 00:27:58,000 [APPLAUSE] 618 00:27:58,000 --> 00:28:03,000 PRES. TRUMP: AND FOR THE 619 00:28:03,000 --> 00:28:05,000 MILLIONS OF SMALL BUSINESSES AND 620 00:28:05,000 --> 00:28:06,000 FARMS THAT FILE THEIR TAXES AS 621 00:28:06,000 --> 00:28:11,000 SOLE PROPRIETORS CORPORATIONS, 622 00:28:11,000 --> 00:28:15,000 PARTNERSHIPS, WE WILL CAP 623 00:28:15,000 --> 00:28:16,000 THE TAX RATE THEY PAY AT 25%. 624 00:28:16,000 --> 00:28:17,000 MUCH LOWER. 625 00:28:17,000 --> 00:28:18,000 BIG DIFFERENCE. [APPLAUSE] 626 00:28:18,000 --> 00:28:23,000 PRES. TRUMP: THIS WILL BE THE 627 00:28:23,000 --> 00:28:24,000 LOWEST TOP MARGINAL INCOME TAX 628 00:28:24,000 --> 00:28:27,000 RATE FOR SMALL AND MIDSIZE 629 00:28:27,000 --> 00:28:31,000 BUSINESSES IN THIS COUNTRY IN 630 00:28:31,000 --> 00:28:32,000 MORE THAN 80 YEARS. [APPLAUSE] 631 00:28:32,000 --> 00:28:37,000 PRES. TRUMP: TO GIVE BUSINESSES 632 00:28:38,000 --> 00:28:41,000 EVEN MORE REASON TO BOOST THEIR 633 00:28:41,000 --> 00:28:42,000 INVESTMENT IN AMERICA, FOR THE NEXT FIVE YEARS, OUR FRAMEWORK 634 00:28:42,000 --> 00:28:47,000 WILL ALLOW TO FULLY WRITE OFF -- 635 00:28:47,000 --> 00:28:50,000 LISTEN TO THIS -- THE COST OF 636 00:28:50,000 --> 00:28:51,000 EQUIPMENT IN THE YEAR THEY BUY 637 00:28:51,000 --> 00:28:52,000 IT. 638 00:28:52,000 --> 00:28:53,000 THAT IS FAIR. 639 00:28:53,000 --> 00:28:54,000 [APPLAUSE] 640 00:28:54,000 --> 00:28:58,000 PRES. TRUMP: AND THAT IS INSTEAD 641 00:28:58,000 --> 00:29:01,000 OF HAVING TO TAKE DEDUCTIONS AND 642 00:29:01,000 --> 00:29:05,000 DEDUCT THE COST OVER A LONG 643 00:29:05,000 --> 00:29:06,000 PERIOD OF TIME. 644 00:29:06,000 --> 00:29:08,000 NOW, THAT IS CALLED INCENTIVE. THAT IS CALLED SENSITIVE. 645 00:29:08,000 --> 00:29:13,000 -- CALLED INCENTIVE. 646 00:29:14,000 --> 00:29:16,000 THIS WILL BE TREMENDOUSLY IMPORTANT TO HELP AMERICAN 647 00:29:16,000 --> 00:29:18,000 BUSINESSES FOR THE HAVE THE IN 648 00:29:18,000 --> 00:29:23,000 --HEAVY INDUSTRIAL 649 00:29:23,000 --> 00:29:24,000 MACHINERY THEY NEED TO GROW BIG 650 00:29:24,000 --> 00:29:28,000 AND STRONG. JOINING US TODAY IS JOHN GANNON, 651 00:29:28,000 --> 00:29:29,000 THE OWNER OF A CUSTOM WOOD 652 00:29:29,000 --> 00:29:31,000 FENCING AND DECK CONSTRUCTION 653 00:29:31,000 --> 00:29:34,000 COMPANY IN INDIANAPOLIS. 654 00:29:34,000 --> 00:29:36,000 JOHN IS THE FATHER OF NINE 655 00:29:36,000 --> 00:29:39,000 CHILDREN AND RECENTLY CELEBRATED 656 00:29:39,000 --> 00:29:41,000 HIS 35TH WEDDING ANNIVERSARY. 657 00:29:41,000 --> 00:29:42,000 CONGRATULATIONS, JOHN. 658 00:29:42,000 --> 00:29:43,000 [APPLAUSE] 659 00:29:43,000 --> 00:29:48,000 PRES. TRUMP: AND JOHN IS IN THE 660 00:29:51,000 --> 00:29:53,000 FENCING COMPANY, AS YOU HEARD. 661 00:29:53,000 --> 00:29:56,000 I HAVE TO MENTION THIS. WE HAVE A SENSE AROUND THE WHITE 662 00:29:56,000 --> 00:29:57,000 HOUSE. WE HAVE A SENSE AROUND THE WHITE 663 00:29:57,000 --> 00:30:02,000 -- A FENCE AROUND THE WHITE 664 00:30:04,000 --> 00:30:05,000 HOUSE, AND THEY WANT TO BUILD A NEW FENCE. 665 00:30:05,000 --> 00:30:07,000 I FIGURED I AM PRETTY GOOD AT 666 00:30:07,000 --> 00:30:10,000 CONSTRUCTION. I FIGURED MAYBE $1 MILLION, $1.5 667 00:30:10,000 --> 00:30:12,000 MILLION. IT HAS BEEN TAKING PLACE FOR A 668 00:30:12,000 --> 00:30:17,000 LONG PERIOD OF TIME, PREVIOUS 669 00:30:17,000 --> 00:30:18,000 ADMINISTRATIONS. I SAID "HOW MUCH IS THE FENCE 670 00:30:18,000 --> 00:30:19,000 YOU'RE TALKING AROUND THE WHITE 671 00:30:19,000 --> 00:30:22,000 HOUSE?" 672 00:30:22,000 --> 00:30:24,000 "SIR, $50 MILLION." 673 00:30:24,000 --> 00:30:28,000 I SAID "WHAT?" 674 00:30:28,000 --> 00:30:29,000 IQ DO NOT. 675 00:30:29,000 --> 00:30:30,000 WE HAVE THOUSANDS OF THINGS LIKE 676 00:30:30,000 --> 00:30:32,000 THAT, THOUSANDS. 677 00:30:32,000 --> 00:30:35,000 WE WILL GET IT ALL DOWN, BUT 678 00:30:35,000 --> 00:30:36,000 THINK OF THAT. 679 00:30:36,000 --> 00:30:37,000 $50 MILLION. I ASSUME IT IS A STRONG FENCE. 680 00:30:37,000 --> 00:30:38,000 [LAUGHTER] 681 00:30:38,000 --> 00:30:42,000 PRES. TRUMP: JOHN, DO YOU THINK 682 00:30:42,000 --> 00:30:43,000 YOU COULD DO IT FOR SLIGHTLY 683 00:30:43,000 --> 00:30:47,000 LESS THAN $50 MILLION? 684 00:30:47,000 --> 00:30:48,000 I THINK HE COULD TAKE $49 685 00:30:48,000 --> 00:30:49,000 MILLION OFF RIGHT NOW AND HAVE 686 00:30:49,000 --> 00:30:52,000 PLENTY OF PROFIT, RIGHT, JOHN? 687 00:30:52,000 --> 00:30:53,000 IT IS CRAZY. IT'S CRAZY. 688 00:30:53,000 --> 00:30:54,000 [APPLAUSE] 689 00:30:54,000 --> 00:30:59,000 PRES. TRUMP: NEVER UNDERSTAND 690 00:30:59,000 --> 00:31:02,000 IT, BUT WE ARE WORKING ON IT. 691 00:31:02,000 --> 00:31:05,000 JOHN SAYS A TAX CUT LIKE WE ARE 692 00:31:05,000 --> 00:31:06,000 PROPOSING WILL MAKE HIS BUSINESS 693 00:31:06,000 --> 00:31:08,000 MORE COMPETITIVE, ALLOWING HIM 694 00:31:08,000 --> 00:31:11,000 TO EXPAND, HIRE MORE WORKERS, 695 00:31:11,000 --> 00:31:13,000 AND RAISE WAGES FOR HIS CURRENT 696 00:31:13,000 --> 00:31:18,000 EMPLOYEES, RIGHT JOHN? 697 00:31:18,000 --> 00:31:19,000 ALSO WITH US IS AARON WILLIAMS 698 00:31:19,000 --> 00:31:22,000 FATHER OF TWO, WHO WORKS IN THE 699 00:31:22,000 --> 00:31:24,000 FIELD OF INFORMATION TECHNOLOGY. 700 00:31:24,000 --> 00:31:26,000 WHERE IS AARON? 701 00:31:26,000 --> 00:31:27,000 HELLO, AARON. 702 00:31:27,000 --> 00:31:29,000 HI. 703 00:31:29,000 --> 00:31:32,000 [APPLAUSE] PRES. TRUMP: IT IS A GOOD FIELD. 704 00:31:32,000 --> 00:31:35,000 ERIN HAS SEEN THE DISASTER 705 00:31:35,000 --> 00:31:40,000 EFFECTS OF HIGH CORPORATE TAX 706 00:31:40,000 --> 00:31:41,000 RATES RIGHT UP CLOSE AND 707 00:31:41,000 --> 00:31:42,000 PERSONAL AS MORE AND MORE 708 00:31:42,000 --> 00:31:47,000 HIGH-TECH JOBS ARE SHIPPED 709 00:31:47,000 --> 00:31:48,000 OVERSEAS. 710 00:31:48,000 --> 00:31:50,000 YOU HAVE BEEN WATCHING IT, AARON, RIGHT? 711 00:31:50,000 --> 00:31:51,000 ALL OVER. 712 00:31:51,000 --> 00:31:56,000 LIKE MANY MILLIONS OF OTHER 713 00:31:57,000 --> 00:31:58,000 AMERICANS, AARON WANTS TO BRING THOSE JOBS SUCH AS THE UNITED 714 00:31:58,000 --> 00:32:01,000 STATES. WE ARE GOING TO REDUCE THE TAX 715 00:32:01,000 --> 00:32:03,000 RATE ON AMERICAN BUSINESSES SO THEY CAN KEEP THE JOBS IN 716 00:32:03,000 --> 00:32:08,000 AMERICA, AARON. 717 00:32:08,000 --> 00:32:09,000 CREATE JOBS IN AMERICA, COMPETE 718 00:32:09,000 --> 00:32:10,000 FOR WORKERS IN AMERICA, AND 719 00:32:10,000 --> 00:32:12,000 RAISE WAGES RIGHT HERE IN 720 00:32:12,000 --> 00:32:14,000 AMERICA. 721 00:32:14,000 --> 00:32:15,000 YOU'RE GOING TO BE IN A MUCH 722 00:32:15,000 --> 00:32:16,000 DIFFERENT POSITION OK? 723 00:32:16,000 --> 00:32:17,000 [APPLAUSE] 724 00:32:17,000 --> 00:32:20,000 PRES. TRUMP: TREMENDOUS 725 00:32:20,000 --> 00:32:21,000 INCENTIVES. 726 00:32:21,000 --> 00:32:26,000 WE WANT MORE PRODUCTS PROUDLY 727 00:32:26,000 --> 00:32:27,000 STAND WITH THOSE FOUR YOU FOR 728 00:32:27,000 --> 00:32:32,000 WORDS -- FOUR BEAUTIFUL WORDS 729 00:32:32,000 --> 00:32:33,000 "MADE IN THE USA." 730 00:32:33,000 --> 00:32:36,000 RIGHT? 731 00:32:36,000 --> 00:32:38,000 "MADE IN THE USA." 732 00:32:38,000 --> 00:32:41,000 FINALLY, OUR FRAMEWORK 733 00:32:41,000 --> 00:32:44,000 ENCOURAGES AMERICAN COMPANIES TO 734 00:32:44,000 --> 00:32:46,000 BRING BACK THE TRILLIONS AND TRILLIONS OF DOLLARS IN WEALTH 735 00:32:46,000 --> 00:32:48,000 THAT IS PARKED OVERSEAS. 736 00:32:48,000 --> 00:32:53,000 OUR CURRENT TAX SYSTEM 737 00:32:53,000 --> 00:32:56,000 TRILLIONS. 738 00:32:56,000 --> 00:32:57,000 AND BY THE WAY, FOR YEARS, I 739 00:32:57,000 --> 00:32:59,000 HAVE BEEN HEARING IT IS $2.5 740 00:32:59,000 --> 00:33:01,000 TRILLION. I ASSUME IT IS MUCH MORE. 741 00:33:01,000 --> 00:33:06,000 BUT DEMOCRATS WANT TO DO IT AND 742 00:33:06,000 --> 00:33:09,000 RECOVERED WANT TO DO IT. WHO DOES NOT WANT TO DO IT? 743 00:33:09,000 --> 00:33:10,000 BUT THEY CANNOT DO IT BECAUSE IT 744 00:33:10,000 --> 00:33:11,000 IS SO RESTRICTIVE AND THE 745 00:33:11,000 --> 00:33:15,000 PATCHES ARE SO RIDICULOUS, SO 746 00:33:15,000 --> 00:33:17,000 THEY CANNOT DO IT. THE MONEY STAYS IN OTHER 747 00:33:17,000 --> 00:33:19,000 COUNTRIES, INVESTED OTHER 748 00:33:19,000 --> 00:33:20,000 COUNTRIES, AND WE WANT TO BRING 749 00:33:20,000 --> 00:33:22,000 IT BACK. IT IS ONE OF THE FEW THINGS. 750 00:33:22,000 --> 00:33:25,000 DEMOCRATS WANT IT AND 751 00:33:25,000 --> 00:33:27,000 REPUBLICANS WANT IT. THEY BOTH WANT IT, AND YET FOR 752 00:33:27,000 --> 00:33:28,000 YEARS, THEY HAVE NOT BEEN ABLE 753 00:33:28,000 --> 00:33:30,000 TO DO IT. 754 00:33:30,000 --> 00:33:31,000 NOW, WE ARE DOING IT. WE ARE DOING THINGS. 755 00:33:31,000 --> 00:33:36,000 [APPLAUSE] PRES. TRUMP: YOU KNOW, IT IS ONE 756 00:33:38,000 --> 00:33:43,000 THING WHEN WE WANT HEALTH CARE, 757 00:33:43,000 --> 00:33:44,000 AND THEY WANT HEALTH CARE, AND 758 00:33:44,000 --> 00:33:46,000 THERE IS A DISPUTE. 759 00:33:46,000 --> 00:33:49,000 THERE IS A BROKEN SYSTEM IN D.C. 760 00:33:49,000 --> 00:33:53,000 , BUT WE ARE GETTING IT FIXED I 761 00:33:53,000 --> 00:33:55,000 THINK RATHER RAPIDLY. YOU WILL BE SEEING THAT OVER THE 762 00:33:55,000 --> 00:33:59,000 NEXT FEW MONTHS. OUR CURRENT TAX SYSTEM MAKES US 763 00:33:59,000 --> 00:34:02,000 ONE OF THE FEW DEVELOPED NATIONS IN THE WORLD TO PUNISH OUR 764 00:34:02,000 --> 00:34:03,000 COMPANIES WHEN THEY BRING WEALTH 765 00:34:03,000 --> 00:34:08,000 EARNED OVERSEAS BACK INTO OUR 766 00:34:08,000 --> 00:34:09,000 COUNTRY. WE ARE PUNISHING THEM FOR 767 00:34:09,000 --> 00:34:10,000 BRINGING THE MONEY BACK IN. 768 00:34:10,000 --> 00:34:12,000 AS A RESULT, CORPORATIONS HAVE 769 00:34:12,000 --> 00:34:14,000 PARKED MANY TRILLIONS OF DOLLARS 770 00:34:14,000 --> 00:34:16,000 IN FOREIGN COUNTRIES AND MANY 771 00:34:16,000 --> 00:34:20,000 HAVE INCORPORATED ABROAD IN 772 00:34:20,000 --> 00:34:23,000 ORDER TO AVOID A PUNITIVE TAX 773 00:34:23,000 --> 00:34:24,000 SYSTEM ALTOGETHER, AND SOME 774 00:34:24,000 --> 00:34:27,000 COMPANIES ACTUALLY MEET OUR 775 00:34:27,000 --> 00:34:28,000 COUNTRY BECAUSE THEY HAVE SO 776 00:34:28,000 --> 00:34:32,000 MUCH MONEY OVERSEAS, SO MUCH. 777 00:34:32,000 --> 00:34:34,000 IT IS AN INCREDIBLE AMOUNT. 778 00:34:34,000 --> 00:34:35,000 THEY MOVE THE COMPANY TO GET 779 00:34:35,000 --> 00:34:36,000 THEIR MONEY. WE ARE GOING TO LET THEM BRING 780 00:34:36,000 --> 00:34:37,000 THE MONEY BACK HOME. 781 00:34:37,000 --> 00:34:39,000 [APPLAUSE] 782 00:34:39,000 --> 00:34:44,000 PRES. TRUMP: OUR FRAMEWORK WILL 783 00:34:48,000 --> 00:34:49,000 STOP PUNISHING COMPANIES FOR 784 00:34:49,000 --> 00:34:50,000 KEEPING THEIR HEADQUARTERS IN 785 00:34:50,000 --> 00:34:51,000 THE UNITED STATES. 786 00:34:51,000 --> 00:34:52,000 WE ARE PUNISHING COMPANIES UNDER 787 00:34:52,000 --> 00:34:55,000 OUR CODES FOR BEING IN THE 788 00:34:55,000 --> 00:34:56,000 UNITED STATES. 789 00:34:56,000 --> 00:35:00,000 WE WILL IMPOSE A ONE TIME LOW 790 00:35:00,000 --> 00:35:05,000 TAX ON RETURNING MONEY THAT IS 791 00:35:05,000 --> 00:35:07,000 ALREADY OFFSHORE SO IT CAN BE BROUGHT BACK HOME TO AMERICA 792 00:35:07,000 --> 00:35:10,000 WHERE IT BELONGS, AND WHERE IT 793 00:35:10,000 --> 00:35:12,000 CAN BE PUT TO WORK, AND WORK AND 794 00:35:12,000 --> 00:35:13,000 WORK. 795 00:35:13,000 --> 00:35:14,000 [APPLAUSE] 796 00:35:14,000 --> 00:35:19,000 PRES. TRUMP: THE FRAMEWORK I 797 00:35:20,000 --> 00:35:22,000 HAVE JUST DESCRIBED REPRESENTS A 798 00:35:22,000 --> 00:35:25,000 ONCE IN A GENERATION OPPORTUNITY 799 00:35:25,000 --> 00:35:29,000 TO REDUCE TAXES, REBUILD OUR 800 00:35:29,000 --> 00:35:32,000 ECONOMY, AND RESTORE AMERICA'S 801 00:35:32,000 --> 00:35:37,000 COMPETITIVE EDGE, FINALLY. 802 00:35:43,000 --> 00:35:45,000 AND I HAD TO SAY, JUST BEFORE 803 00:35:45,000 --> 00:35:47,000 COMING HERE, WE RELEASED SOME OF 804 00:35:47,000 --> 00:35:50,000 THE DETAILS OF THE TAX, THE TAX 805 00:35:50,000 --> 00:35:54,000 REFORM, AND THE TAX CUTS AND IT HAS REALLY RECEIVED TREMENDOUS, 806 00:35:54,000 --> 00:35:55,000 TREMENDOUS REVIEWS, AND IF 807 00:35:55,000 --> 00:35:57,000 SENATOR DONNELLY DOES NOT 808 00:35:57,000 --> 00:35:59,000 APPROVE IT, BECAUSE HE IS ON THE 809 00:35:59,000 --> 00:36:04,000 OTHER SIDE, WE WILL COME HERE. 810 00:36:04,000 --> 00:36:05,000 WE WILL CONTAIN AGAINST HIM LIKE 811 00:36:05,000 --> 00:36:08,000 YOU WOULD NOT BELIEVE. -- CAMPAIGN AGAINST HIM LIKE YOU 812 00:36:08,000 --> 00:36:09,000 WOULD NOT BELIEVE. 813 00:36:09,000 --> 00:36:14,000 [CHEERS AND APPLAUSE] 814 00:36:15,000 --> 00:36:19,000 PRES. TRUMP: I THINK THEY ARE 815 00:36:19,000 --> 00:36:20,000 GOING TO APPROVE IT. 816 00:36:20,000 --> 00:36:21,000 I THINK WE WILL HAVE NUMEROUS 817 00:36:21,000 --> 00:36:24,000 DEMOCRATS BECAUSE IT IS THE 818 00:36:24,000 --> 00:36:25,000 RIGHT THING TO DO. 819 00:36:25,000 --> 00:36:26,000 THESE REFORMS WILL BE A DRAMATIC 820 00:36:26,000 --> 00:36:30,000 CHANGE FROM THE FAILED TAX 821 00:36:30,000 --> 00:36:31,000 SYSTEM THAT ENCOURAGES AMERICAN 822 00:36:31,000 --> 00:36:33,000 BUSINESSES TO SHIP JOBS TO 823 00:36:33,000 --> 00:36:34,000 FOREIGN COUNTRIES. 824 00:36:34,000 --> 00:36:39,000 THAT HAVE MUCH LOWER TAX RATES. 825 00:36:39,000 --> 00:36:43,000 OUR COMPETITORS HAVE MUCH LOWER 826 00:36:43,000 --> 00:36:44,000 TAX RATES, BUT NO LONGER. 827 00:36:44,000 --> 00:36:47,000 MY ADMINISTRATION STRONGLY 828 00:36:47,000 --> 00:36:49,000 REJECTS THIS OFF SHORING MODEL 829 00:36:49,000 --> 00:36:51,000 AND WE HAVE EMBRACED THE NEW 830 00:36:51,000 --> 00:36:52,000 MODEL. 831 00:36:52,000 --> 00:36:57,000 IT IS CALLED THE AMERICAN MODEL. 832 00:36:59,000 --> 00:37:00,000 [APPLAUSE] 833 00:37:00,000 --> 00:37:05,000 PRES. TRUMP: UNDER THE AMERICAN 834 00:37:05,000 --> 00:37:10,000 MODEL, WE ARE REDUCING BURDENS ON OUR BUSINESSES AS LONG AS 835 00:37:10,000 --> 00:37:11,000 THEY DO BUSINESS IN OUR COUNTRY. 836 00:37:11,000 --> 00:37:12,000 THAT IS WHAT WE WANT. 837 00:37:12,000 --> 00:37:14,000 WE WANT THEM TO DO BUSINESS IN 838 00:37:14,000 --> 00:37:15,000 OUR COUNTRY, NOT TO LEAVE OUR 839 00:37:15,000 --> 00:37:18,000 COUNTRY LIKE A NUMBER OF FIRMS 840 00:37:18,000 --> 00:37:22,000 FROM INDIANA. 841 00:37:22,000 --> 00:37:24,000 SOME MAKE SOME GREAT PROMISES TO 842 00:37:24,000 --> 00:37:25,000 ME, BUT THOSE PROMISES ARE ONLY 843 00:37:25,000 --> 00:37:27,000 BEING PARTIALLY KEPT, BECAUSE 844 00:37:27,000 --> 00:37:30,000 THEY ARE INCENTIVIZED TO LEAVE 845 00:37:30,000 --> 00:37:31,000 BUT NOW, THEY WILL BE 846 00:37:31,000 --> 00:37:33,000 INCENTIVIZED TO STAY, AND IF 847 00:37:33,000 --> 00:37:35,000 THAT DOES NOT WORK, THEN WE GET 848 00:37:35,000 --> 00:37:36,000 EVEN TOUGHER THAN THAT OK? 849 00:37:36,000 --> 00:37:41,000 WE WANT OUR COUNTRY COMPANIES TO 850 00:37:43,000 --> 00:37:45,000 RAISE WAGES FOR AMERICAN WORKERS 851 00:37:45,000 --> 00:37:46,000 AND HELP REBUILD AMERICAN CITIES 852 00:37:46,000 --> 00:37:50,000 AND TOWNS. 853 00:37:50,000 --> 00:37:52,000 THAT IS HOW WE WILL ALL SUCCEED 854 00:37:52,000 --> 00:37:54,000 TOGETHER AND GROW TOGETHER, AS 855 00:37:54,000 --> 00:37:59,000 ONE TEAM, ONE PEOPLE, AND ONE 856 00:38:00,000 --> 00:38:05,000 AMERICAN FAMILY. WE WANT IT TO HAPPEN HERE. 857 00:38:05,000 --> 00:38:06,000 [APPLAUSE] 858 00:38:06,000 --> 00:38:10,000 PRES. TRUMP: TAX REFORM HAS NOT 859 00:38:10,000 --> 00:38:11,000 HISTORICALLY BEEN A PARTISAN ISSUE. 860 00:38:11,000 --> 00:38:15,000 AND IT DOES NOT HAVE TO BE A 861 00:38:15,000 --> 00:38:18,000 PARTISAN ISSUE TODAY. 862 00:38:18,000 --> 00:38:19,000 I REALLY BELIEVE WE ARE GOING TO 863 00:38:19,000 --> 00:38:21,000 HAVE NUMEROUS DEMOCRATS COME 864 00:38:21,000 --> 00:38:26,000 OVER BECAUSE IT IS THE RIGHT 865 00:38:26,000 --> 00:38:27,000 THING TO DO. 866 00:38:27,000 --> 00:38:28,000 I BELIEVE IT IS THE RIGHT THING 867 00:38:28,000 --> 00:38:29,000 TO DO AND I KNOW MANY OF THEM. 868 00:38:29,000 --> 00:38:33,000 THEY ARE TELLING ME IT IS THE 869 00:38:33,000 --> 00:38:34,000 RIGHT THING TO DO. 870 00:38:34,000 --> 00:38:35,000 PRESIDENT REAGAN'S TAX CUTS WERE 871 00:38:35,000 --> 00:38:37,000 PASSED WITH SIGNIFICANT 872 00:38:37,000 --> 00:38:41,000 BIPARTISAN MAJORITIES AT A TIME 873 00:38:41,000 --> 00:38:42,000 WHEN THERE WAS A DEMOCRAT 874 00:38:42,000 --> 00:38:43,000 MAJORITY IN THE HOUSE AND A 875 00:38:43,000 --> 00:38:48,000 DEMOCRAT SPEAKER. 876 00:38:48,000 --> 00:38:49,000 BEFORE THAT, DEMOCRAT PRESIDENT 877 00:38:49,000 --> 00:38:51,000 JOHN F. KENNEDY CHAMPIONED TAX 878 00:38:51,000 --> 00:38:54,000 CUTS THAT SURGED THE ECONOMY AND 879 00:38:54,000 --> 00:38:59,000 MASSIVELY REDUCED UNEMPLOYMENT. 880 00:39:00,000 --> 00:39:01,000 AS PRESIDENT KENNEDY VERY WISELY 881 00:39:01,000 --> 00:39:02,000 SAID, THE SINGLE MOST IMPORTANT 882 00:39:02,000 --> 00:39:05,000 FISCAL WEAPON AVAILABLE TO 883 00:39:05,000 --> 00:39:06,000 STRENGTHEN THE NATIONAL ECONOMY 884 00:39:06,000 --> 00:39:09,000 IS THE FEDERAL TAX POLICY. 885 00:39:09,000 --> 00:39:12,000 THE RIGHT KIND OF TAX CUT AT THE 886 00:39:12,000 --> 00:39:15,000 RIGHT TIME. 887 00:39:15,000 --> 00:39:18,000 THIS IS THE RIGHT TIME. 888 00:39:18,000 --> 00:39:20,000 IT IS THE MOST EFFECTIVE MEASURE 889 00:39:20,000 --> 00:39:21,000 THAT THIS GOVERNMENT COULD TAKE 890 00:39:21,000 --> 00:39:26,000 TO SPARE OUR ECONOMY FORWARD. 891 00:39:26,000 --> 00:39:27,000 THAT WAS PRESIDENT KENNEDY. 892 00:39:27,000 --> 00:39:28,000 [APPLAUSE] 893 00:39:28,000 --> 00:39:33,000 PRES. TRUMP: MY FELLOW 894 00:39:35,000 --> 00:39:37,000 AMERICANS, THIS IS THE RIGHT TAX 895 00:39:37,000 --> 00:39:41,000 CUT AND THIS IS THE RIGHT TIME. 896 00:39:41,000 --> 00:39:43,000 DEMOCRATS AND REPUBLICANS IN 897 00:39:43,000 --> 00:39:45,000 CONGRESS SHOULD COME TOGETHER 898 00:39:45,000 --> 00:39:49,000 FINALLY TO DELIVER THIS GIANT 899 00:39:49,000 --> 00:39:51,000 WIN FOR THE AMERICAN PEOPLE AND 900 00:39:51,000 --> 00:39:55,000 BEGIN MIDDLE-CLASS MIRACLE -- A 901 00:39:55,000 --> 00:39:59,000 MIDDLE-CLASS MIRACLE ONCE AGAIN. 902 00:39:59,000 --> 00:40:02,000 IT IS ALSO CALLED A MIRACLE FOR 903 00:40:02,000 --> 00:40:04,000 OUR GREAT COMPANIES. 904 00:40:04,000 --> 00:40:06,000 A MIRACLE FOR THE MIDDLE CLASS, 905 00:40:06,000 --> 00:40:10,000 FOR THE WORKING PERSON. 906 00:40:10,000 --> 00:40:11,000 I TRULY BELIEVE THAT MANY 907 00:40:11,000 --> 00:40:13,000 DEMOCRATS WANT TO SUPPORT OUR 908 00:40:13,000 --> 00:40:15,000 PLAN AND WITH ENOUGH 909 00:40:15,000 --> 00:40:17,000 ENCOURAGEMENT FROM THE AMERICAN 910 00:40:17,000 --> 00:40:18,000 PEOPLE, THEY WILL FIND THE 911 00:40:18,000 --> 00:40:20,000 COURAGE TO DO WHAT IS RIGHT FOR 912 00:40:20,000 --> 00:40:23,000 OUR GREAT COUNTRY. 913 00:40:23,000 --> 00:40:28,000 [APPLAUSE] PRES. TRUMP: BUT THEY WILL ONLY 914 00:40:29,000 --> 00:40:33,000 DO IT IF YOU, THE AMERICAN 915 00:40:33,000 --> 00:40:35,000 PEOPLE, MAKE YOUR VOICES HEARD. 916 00:40:35,000 --> 00:40:37,000 ONLY IF YOU TELL CONGRESS TO 917 00:40:37,000 --> 00:40:41,000 GIVE US A TAX CODE THAT PUTS 918 00:40:41,000 --> 00:40:43,000 AMERICAN JOBS FIRST. 919 00:40:43,000 --> 00:40:47,000 THAT IS WHAT WE ARE DOING. 920 00:40:47,000 --> 00:40:48,000 [APPLAUSE] 921 00:40:48,000 --> 00:40:51,000 PRES. TRUMP: HISTORY HAS PROVEN 922 00:40:51,000 --> 00:40:54,000 TIME AND TIME AGAIN THAT THERE 923 00:40:54,000 --> 00:40:55,000 IS NO POWER ON EARTH WERE 924 00:40:55,000 --> 00:40:59,000 AWESOME THEN -- MORE AWESOME 925 00:40:59,000 --> 00:41:03,000 THAN THE WILL OF THE AMERICAN 926 00:41:03,000 --> 00:41:06,000 PEOPLE. THAT IS WHY TODAY, I AM ASKING 927 00:41:06,000 --> 00:41:07,000 ALL AMERICANS, REPUBLICAN, DEMOCRAT INDEPENDENT, TO JOIN 928 00:41:07,000 --> 00:41:11,000 WITH ME, AND WITH EACH OTHER, TO 929 00:41:11,000 --> 00:41:15,000 DEMAND TAX REFORM THAT WILL 930 00:41:15,000 --> 00:41:17,000 TRULY, TRULY, TRULY MAKE AMERICA 931 00:41:17,000 --> 00:41:18,000 GREAT AGAIN. 932 00:41:18,000 --> 00:41:23,000 [APPLAUSE] 933 00:41:25,000 --> 00:41:28,000 [CHEERS] 934 00:41:28,000 --> 00:41:32,000 PRES. TRUMP: CALL YOUR 935 00:41:32,000 --> 00:41:34,000 CONGRESSMAN. CALL YOUR SENATORS. 936 00:41:34,000 --> 00:41:36,000 LET THEM KNOW YOU ARE WATCHING. 937 00:41:36,000 --> 00:41:39,000 LET THEM KNOW YOU ARE WAITING. 938 00:41:39,000 --> 00:41:42,000 TELL THEM THAT TODAY IS THE DAY 939 00:41:42,000 --> 00:41:45,000 FOR DECISIONS. 940 00:41:45,000 --> 00:41:48,000 BUT NOW IS THE TIME TO HEAL THIS 941 00:41:48,000 --> 00:41:51,000 SELF-INFLICTED ECONOMIC WOUND 942 00:41:51,000 --> 00:41:52,000 AND THAT WAS THEIR ACTION, THE 943 00:41:52,000 --> 00:41:55,000 FUTURE WOULD BELONG TO ALL OF 944 00:41:55,000 --> 00:41:57,000 US. IF YOU DEMAND IT, THE 945 00:41:57,000 --> 00:41:59,000 POLITICIANS WILL LISTEN. 946 00:41:59,000 --> 00:42:04,000 THEY WILL ANSWER, AND THEY WILL 947 00:42:04,000 --> 00:42:05,000 ACT, AND SOMEDAY, MANY YEARS 948 00:42:05,000 --> 00:42:06,000 FROM NOW, OUR CHILDREN AND 949 00:42:06,000 --> 00:42:08,000 GRANDCHILDREN WILL REMEMBER THIS 950 00:42:08,000 --> 00:42:12,000 MOMENT IN HISTORY AS THE TIME 951 00:42:12,000 --> 00:42:13,000 WHEN ORDINARY AMERICANS TOOK 952 00:42:13,000 --> 00:42:14,000 CONTROL OF THEIR DESTINY AND 953 00:42:14,000 --> 00:42:18,000 CHOSE A FUTURE OF AMERICAN 954 00:42:18,000 --> 00:42:21,000 PATRIOTISM, PROSPERITY, AND 955 00:42:21,000 --> 00:42:23,000 PRIDE. 956 00:42:23,000 --> 00:42:28,000 [CHEERS AND APPLAUSE] 957 00:42:30,000 --> 00:42:33,000 PRES. TRUMP: WITH YOUR HELP AND 958 00:42:33,000 --> 00:42:38,000 YOUR VOICE WE WILL BRING BACK 959 00:42:38,000 --> 00:42:42,000 OUR JOBS. WE WILL BRING BACK OUR WEALTH. 960 00:42:42,000 --> 00:42:43,000 AND FOR EVERY CITIZEN ACROSS 961 00:42:43,000 --> 00:42:45,000 THIS LAND, WE WILL BRING BACK 962 00:42:45,000 --> 00:42:49,000 OUR GREAT AMERICAN DREAMS. 963 00:42:49,000 --> 00:42:51,000 THANK YOU. 964 00:42:51,000 --> 00:42:52,000 GOD BLESS YOU. 965 00:42:52,000 --> 00:42:54,000 AND GOD BLESS THE UNITED STATES 966 00:42:54,000 --> 00:42:55,000 OF AMERICA. 967 00:42:55,000 --> 00:42:57,000 [CHEERS AND APPLAUSE] 968 00:42:57,000 --> 00:43:00,000 PRES. TRUMP: THANK YOU. 969 00:43:00,000 --> 00:43:02,000 THANK YOU. 970 00:43:02,000 --> 00:43:07,000 ♪ 971 00:43:53,000 --> 00:43:57,000 >> THE TAX PROPOSAL UNVEILED BY 972 00:43:57,000 --> 00:43:59,000 CONGRESSIONAL REPUBLICANS AND CALLS FOR THREE INCOME TAX 973 00:43:59,000 --> 00:44:03,000 BRACKETS. 974 00:44:03,000 --> 00:44:04,000 AN ADDITIONAL TOP RATE MAY APPLY 975 00:44:04,000 --> 00:44:09,000 TO THE HIGHEST INCOME TAXPAYER. 976 00:44:09,000 --> 00:44:11,000 IT WOULD ELIMINATE DEDUCTIONS 977 00:44:11,000 --> 00:44:12,000 FOR STATE AND LOCAL TAXES AND 978 00:44:12,000 --> 00:44:14,000 RAISE THE CHILD TAX CREDIT. 979 00:44:14,000 --> 00:44:17,000 CORPORATIONS WOULD SEE THEIR TOP 980 00:44:17,000 --> 00:44:22,000 TALK -- TAX RATE CUT TO 20%. 981 00:44:22,000 --> 00:44:23,000 THE PROPOSAL WOULD ELIMINATE 982 00:44:23,000 --> 00:44:25,000 SOME BUSINESS REDUCTIONS AND 983 00:44:25,000 --> 00:44:30,000 INDUSTRY INCENTIVES. 984 00:44:31,000 --> 00:44:35,000 >> "WASHINGTON JOURNAL." 985 00:44:35,000 --> 00:44:36,000 WITH NEWS AND POLICY ISSUES THAT 986 00:44:36,000 --> 00:44:37,000 IMPACT YOU. 987 00:44:37,000 --> 00:44:42,000 THURSDAY MORNING OUR C-SPAN 50 988 00:44:42,000 --> 00:44:45,000 CAPITALS TOUR CONTINUES IN 989 00:44:45,000 --> 00:44:47,000 RICHMOND, VIRGINIA. 990 00:44:47,000 --> 00:44:52,000 THE FORMER VIRGINIA GOVERNOR 991 00:45:00,000 --> 00:45:05,000 WILL BE OUR GUEST TO TALK ABOUT RACE RELATIONS. 992 00:45:42,000 --> 00:45:43,000 EFFECTS CHUCK SCHUMER CRITICIZED 993 00:45:43,000 --> 00:45:44,000 THE GOP TAX PROPOSAL, SAYING IT 994 00:45:44,000 --> 00:45:46,000 DOESN'T EMBODY THE PRESIDENT HAD 995 00:45:46,000 --> 00:45:49,000 BEEN SAYING TO REPUBLIC ABOUT 996 00:45:49,000 --> 00:45:52,000 TAX RELIEF FOR THE MIDDLE CLASS. 997 00:45:52,000 --> 00:45:55,000 SENATOR SCHUMER AND SENATOR RON 998 00:45:55,000 --> 00:45:56,000 WYDEN TALKED ABOUT CONCERNS AT A 999 00:45:56,000 --> 00:45:57,000 NEWS CONFERENCE. 1000 00:45:57,000 --> 00:46:00,000 THIS IS 25 MINUTES.